New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-28
yEw LysrRMcE RrLES ADOPTED.


ru-pLAN OF EEORG N1INGGON or THE NV YORK
TARIFF ASSOCIATION.
The Committee OF Fifteen. tn which was referred the
work Of preparing plan for The reorganization OF The
Ne,York Tariff Association. submitted s report Ia HE
fire cotuaurs doing business here time IL has
since been considered Al length and yesterday the rules
propo.cd by the committee adopted by the repre-
scutativcs of the companies alphabetically ~
reported.
rbe.c r,e, provide that no commission shall he paid
in excess OF 10 per cent OF the premiums ora rated risk
C,,ouane. placing or accepting Reinsurance or risks
rtcd by this association hall neither pay nor accept
more Than per commission or brokerage thereon"
and such business shall be confined 10 members OF the
association No policy shall be written for more than
one year ON any risk rated By this association except at
te iro rata Of the annual rate In the tariff district all
risi,s must pay the schedule rate Ratings made by
tbis associa ON apply only To new contracts aud no
reductions will DE made old contracts except for I'M
movements regularly promulgated.
Violation ~ rates AMI rules by any member hrahch
o,cc ar manager OF II branch Office il made punishable
by fines and expulsion. For payment OF commission IN
excess Of that xcd by the association the fine Is from
40 10 $780, or expulsion both In regard to branch
Offices the rules provide rs follows;
No branch manager shall bc paid higher conmis
sion brokerage than that liked by TINS aSsocHu"h iI
brokers nor shall any branch manager exchange bus
with any other branch manager No Drhh.n nan
agcr shall be permitted to rebate any portion oil te pre-
MUM except ~ permitted Ia members o this association
under the rules Of the association nor 10 accept ra
intent OF this resolution that all business with brokers
shall be transacted only through the main Office OF the
company Members OF this association shall file list of
their branch offices and agencies with the secretary
The association shall appoint auditor of branch ON
ces, competent person not otherwise connected WIN
the lire insurance business who shall II directed by ne
executive committee. examine the books OF each branch
Office To defray the salary OF such auditor, every
member of the association shall pay fee Of 80 an
nually for each branch Office agency established by
them Members shall bc responsible for the acts OF onl
sion commission OF their branch Offices and agencies
within the Jurisdiction of the association IL being under
that they subject TO all the rules and regula
lions the association and that nothing shall be done nj
the branch Office agency that cannot be done ut the
| main Office
For the purpose Of securing te benefits Of coopera-
tiO the rules provide that any prOpcrtyOwncr agreeing
place all his insurance risks rated by the associa'
ton with companies belonging 10 IT, shall have reduc
ton of rates Of 10 per cent on his property.
OF brokers the rules have this to say:
whenever an organization Of brokers shall be formed
the rules OF which 10 membership shall be satisfac
tory to this association doing business In the Metropo
tan District and penalties prescribed for the payment
of rebae and whenever such organization shall de-
clare its willingness to aid the companies IN reducing
the expenses OF conducting the business and In PROOF
thereof shall agree receive brokerage OF not exceed
ing ten per cent Of the premim charged upon mercan
tile storage manufacturing hazards, this association
pledges itself consider plan whereby brokerage may
he paid 10 members OF such organization only upon
! such mercantile storage and manufacturing hazards
| within the Metropolitan DistricL'